Volvo Cars takes full ownership of NOVO Energy | Northvolt
Jan 29, 2025 · Volvo Cars and Northvolt AB have signed a share purchase agreement relating to Northvolt’s shares in NOVO Energy AB, leading to Volvo Cars taking full ownership of NOVO Energy AB, subject to approval by relevant authorities.
Northvolt sells stake in battery unit to Volvo, to explore North ...
Jan 29, 2025 · Swedish electric-vehicle battery maker Northvolt agreed with Volvo Cars on Wednesday to sell its stake in their joint battery venture Novo Energy for an undisclosed sum and explore potential...
Volvo Cars seeks to oust Northvolt from EV battery venture
Oct 30, 2024 · Volvo Cars is seeking to take over Northvolt's stake in their Swedish battery-making joint venture NOVO but will need a new partner to keep plans for a gigafactory on track, the Chinese-owned...
The Northvolt–Volvo Cars joint venture: a holistic approach
Nov 7, 2022 · In June 2021, Northvolt and Volvo Cars joined forces to build the next generation of pure electric Volvo cars. A shared commitment to safety and sustainability provided a firm foundation for the partnership.
Volvo Cars says it will pay Northvolt almost nothing for battery …
3 days ago · Volvo Cars will pay Northvolt almost nothing for its 50% stake in their battery venture Novo Energy that it had agreed to acquire, according to the automaker's quarterly report on Thursday.
Northvolt and Volvo Cars select Gothenburg for gigafactory
Feb 4, 2022 · Volvo Cars and Northvolt have selected Gothenburg to establish a new 50 GWh battery manufacturing plant which will commence operations in 2025.
Volvo Cars Seeks to Oust Northvolt From EV Battery Venture
Oct 30, 2024 · STOCKHOLM (Reuters) -Volvo Cars is seeking to take over Northvolt's stake in their Swedish battery-making joint venture NOVO but will need a new partner to keep plans for a gigafactory on...
Volvo Cars to buy out Northvolt from battery-making joint venture
Nov 1, 2024 · Volvo Cars has released a statement declaring that it plans to take full ownership of Novo Energy, a joint venture between Volvo and the Swedish battery company Northvolt. Novo Energy was launched between the two Swedish companies in June 2021.
Northvolt to divest stake in battery venture to Volvo
Jan 31, 2025 · Northvolt intends to focus on its primary battery cell production business. Credit: Jeppe Gustafsson/Shutterstock. Swedish EV battery maker Northvolt has reached an agreement with Volvo Cars to ...
Sweden’s Northvolt sells stake in battery unit to Volvo, will …
Jan 29, 2025 · Volvo Cars and Northvolt, once hailed as Europe’s best prospect for a domestic electric-vehicle (EV) battery champion, formed Novo in 2021 to build a battery factory in Gothenburg on Sweden’s ...
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